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>> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're going to listen to fight another day when the country runs out of money sometime at the end of february. we saw tim geithner the treasury secretary say december 31st is the day when we technically reach the debt limit. they're going to move some things around. after a couple of months, i think that's the next battleground. it just never ends. >> and we'll take a look at that. what geithner said was he was writing to inform the congressional leaders that a debt limit would be reached on december 31st, 2012, and notify you. the treasury department will begin taking extraordinary measures authorized by law to temporary regardly postpone the date that u.s. would otherwise default on i
>> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're going to listen to fight another day when the country runs out of money sometime at the end of february. we saw tim geithner the treasury...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year, and the only choice we have is to save taxes going up on the middle class, then i would support that. >> last weekend, "the wall street journal" had a great piece going behind the scenes on the fiscal cliff negotiations. and in it, they quoted this exchange between speaker boehner and president obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from
senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year,...
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do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to support yet until i see it. the previous congressman you had on, raul, interesting enough, his office is right next to mine in longworth. the fact of the matter is we're going to have to find a place to come together. that the president has offered a 7% solution for a 100% problem. i was struck by the fact that not a single democrat supported speaker boehner's plan "b" when that was actually nancy pelosi's solution which was to rai
do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the...
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>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in terms of massachusetts. we got the information that ted kennedy jr. will not run. scott brow
>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of...
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we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white house would contend walked away from when he proposed his $1 million threshold in this situation right now. that and a priority that the president outlined a week ago on friday before leaving to join the family in hawaii saying he wanted to extend unemployment benefits for a lot of americans. 2 million plus beginning to lose unemployment benefits, beginning of the end of the this week and significant element, as well. the president indicated to reporters when he spoke in the reefing room last he was open to several smaller steps enroute to a smaller package and unclea
we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white...
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mcconnell's office responded with while the president was taping those discordant remarks senator mcconnell was in the office work to go bring republicans and democrats to get on the solution. discussions continue today. >>> joining me, doug shawn, former pollster for president bill clinton. nancy, media speaks strategy and national spokesperson to senator john mccain. >>> the president goes on "meet the press" and claims it's the fault of the awful republicans and that angers mcconnell, who lashes back out. so that was clearly a calculated risk by the president, angrying your opponent versus pressuring him publicly to cave. which way does it go? >> we don't know. we're all pretty pessimistic given the breakdown the talks today but i think the president's strategy is to keep constant pressure on the republicans, recognizing this battle is not going to be over whether or not there's a deal. it's going to go on dealing with the debt sciele and the budget and the president is not letting up. he said he won the election and that's how econducting himself. the polls are pretty clear that he's go
mcconnell's office responded with while the president was taping those discordant remarks senator mcconnell was in the office work to go bring republicans and democrats to get on the solution. discussions continue today. >>> joining me, doug shawn, former pollster for president bill clinton. nancy, media speaks strategy and national spokesperson to senator john mccain. >>> the president goes on "meet the press" and claims it's the fault of the awful republicans and...
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i have no idea what mitch mcconnell is talking about. it seems to be nothing more than political posturing, but i want to say nobody is trying to put this on john boehner. it's on boehner. he's the speaker, and so it's not of a political bringsmanship or gamesmanship. it's the fact. >> it seems the strategy here, boehner obviously kind of said and i think he's been called out for this, said it's up to the president and the senate. i give up, we're leaving town. i guess now they're going to come back sunday, as if that's going to create some sense of urgency. what strikes me is the message that continues to come forward is the american people are going to -- believe that the president and democrats are showing real leadership and they will blame the republicans if this deal goes south, and yet when you listen to mcconnell and you listen to speaker boehner, it doesn't sound like they got the message, and as harry reid pointed out, the president won and he won campaigning on these ideas. again, these guys are just being stubborn. >> absolut
i have no idea what mitch mcconnell is talking about. it seems to be nothing more than political posturing, but i want to say nobody is trying to put this on john boehner. it's on boehner. he's the speaker, and so it's not of a political bringsmanship or gamesmanship. it's the fact. >> it seems the strategy here, boehner obviously kind of said and i think he's been called out for this, said it's up to the president and the senate. i give up, we're leaving town. i guess now they're going...
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pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to impact a lot of people. >> right. nbc's kristin welker keeping us honest at the white house. we will stand by. thank you. >>
pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy...
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mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today all these years later not to be moved by the fatah that this most unlikely of revolutionaries may yet witness the deepest longings of her heart. representative, democratic system in which the people of burma are able to fully enjoy their god-given rights. it is in this hope that we stand today with the people of burma and with aung san suu kyi knowing that whatever the future holds, she will fight unflinchingly to the end. in this place surrounded by the statues of our own national heroes and equality, we draw inspir
mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today...
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this leaves mitch mcconnell in a weird, grey area. he recognizes the gamesmanship and a need to get a deal done and he has a eye on the republican party's conservative base which is relentlessly opposed to any tax increase and senator mccobb nell is up for re-election in 2014 where tea party rebellion toppled his own protÉge and instead, send rand paul to the senate. i'll bring in nbc news capitol hill correspondent, kelly o'donnell. >>> waiting for action here today. >> reporter: it seems pretty quiet at the moment, steve. it's one of those things where you feel like something big is going to happen but as you walk through the corridors here, it seems pretty quiet at the moment. >> well, we have all sorts of conflicting reports out there about what the broad framework would be if there's going to be a deal. i guess the big stumble bling block is number one, what is the fresh hold be for the tax income? $250,000 which obama originally proposed? $400,000 which he supposedly offered in a revised offer a week ago? and then, of course, t
this leaves mitch mcconnell in a weird, grey area. he recognizes the gamesmanship and a need to get a deal done and he has a eye on the republican party's conservative base which is relentlessly opposed to any tax increase and senator mccobb nell is up for re-election in 2014 where tea party rebellion toppled his own protÉge and instead, send rand paul to the senate. i'll bring in nbc news capitol hill correspondent, kelly o'donnell. >>> waiting for action here today. >>...
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boehner's out, mcconnell's out. reid says it's up to boehner, white house can't get boehner to talk to them. it's kind of a mess, senator schatz. and it is now part of your party. so what is the next move? there is late news tonight that president obama will convene a meeting of congressional leaders at the white house tomorrow afternoon to discuss the current impasse. and to give you a spirit of the compromise and sense of goodwill toward men in which republican house speaker john boehner is approaching this meeting here is a statement we were e-mailed by brendan bock. "tomorrow speaker boehner will attend a meeting where he will continue to stress that the house has already passed legislation to avert the entire fiscal cliff and now the senate must act." so that's helpful. senator schatz, i know you probably just checked into the marriott capitol hill or something, but i don't know, you got any ideas? joining us is someone who i hope will have ideas. democratic senator debbie stabenow. senator stabenow, thank you
boehner's out, mcconnell's out. reid says it's up to boehner, white house can't get boehner to talk to them. it's kind of a mess, senator schatz. and it is now part of your party. so what is the next move? there is late news tonight that president obama will convene a meeting of congressional leaders at the white house tomorrow afternoon to discuss the current impasse. and to give you a spirit of the compromise and sense of goodwill toward men in which republican house speaker john boehner is...
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and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more details explanation of what he has been saying publicly, which is that he thinks he just wants the senate to pass the stop gap measure to keep tax cuts where they are for 98% of americans, which he campaigned on over and over again in the last election, in the hopes that enough republicans will come onboard and then this could possibly get through the house. >> jessica, is there cause then for optimism or is this meeting really just for show? >> well, as dana pointed out, at this meeting, they could work out the details of this scaled down proposal, which could be a final agreement. for example, republicans have been calling for these details, and the kind of thing they would like to know is if, just one example, if unemployment insurance is going to be extended, how would that be paid for? these are the sort of things that could be worked out tomorrow. senate republicans, the leader, mitch mcconnell, has made it clear today as dana reporte
and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more details explanation of what he has been saying publicly, which is that he thinks he just wants the senate to pass the stop gap measure to keep tax cuts where they are for 98% of americans, which he campaigned on over and over again in the last election, in the hopes that enough republicans will come onboard and then this could possibly get through...
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reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum th
reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we...
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that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a big if, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in
that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a...
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well, bill, you just heard mitch mcconnell say he is hopeful and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. everybody agrees this is probably bad policy to have middle class americans taxes go up and this is what congress thinks is a good deal. >> chris: i'm not sure they think it is a good deal but a deal that avoids the worst of the fiscal cliff. senator bayh, obviously we don't know what is your sense? no filibuster in the senate. you heard what lindsey graham said and do republicans pass whatever it is that the senate agrees to? >> i think the odds are some what better than 50/50, chris, that we get a minimal deal in the senate. not one that solves our debt problem as you pointed out earlier and this is all j
well, bill, you just heard mitch mcconnell say he is hopeful and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. everybody agrees this is...
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today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find
today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not...
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mcconnell in your talks. my sources have said that those talks went very well and they've restarted the talks now between reid and mcconnell. now, it's going to go probably late tonight, late tonight. we'll have to see. >> okay. we're going to have to leave it there. that wraps things up for me. we continue to wait for a deal to be reached on capitol hill to avoid the fiscal cliff. you're watching msnbc, the place for politics. better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressur
mcconnell in your talks. my sources have said that those talks went very well and they've restarted the talks now between reid and mcconnell. now, it's going to go probably late tonight, late tonight. we'll have to see. >> okay. we're going to have to leave it there. that wraps things up for me. we continue to wait for a deal to be reached on capitol hill to avoid the fiscal cliff. you're watching msnbc, the place for politics. better. so now i can be in the scene. advair is clinically...
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minority leader mitch mcconnell to ensure no republicans block the bill. for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiators holed up on capitol hill. the senate comes back into session at 1:00 on sunday. >> jessica yellin, thanks. >>> and with the pressure now squarely on the senate to fix the fiscal cliff, they will lead the talks this weekend. a period of time reid calls, quote, very important, mcconnell says he's hopeful both sides will have a plan to present to their respective members as early as tomorrow. and other republican and demo
minority leader mitch mcconnell to ensure no republicans block the bill. for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all...
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just listen to senator mcconnell today. listen to this. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. the president chose to spend his time on the campaign trail. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> just to be factual, on november 29th, the president made his opening offer to the gop. mcconnell actually burst into laughter. you can't laugh at a non-proposal. on november 17th, the president made a second offer with concessions on taxes and entitlement. so here's three occasions. yet, they claim no proposal. or this is the first proposal. how do you deal people no leadership and that are not telling the truth? >> and to think the president cut short his christmas vacation to come back and deal with this situation, look, the president ran -- mitch mcconnell is the minority leader. but what was the president doing on the campaign t
just listen to senator mcconnell today. listen to this. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. the president chose to spend his time on the campaign trail. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> just to be factual, on november 29th, the president made his opening offer to the gop....
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. >> that, of course, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it wouldn't pass. republicans -- a myriad of republicans think it's the fair thing to do and of course every democrat would vote for that. the republican leader finds himself frustrated that the president has called on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the
. >> that, of course, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it...
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whether mcconnell will filibuster such a deal and will boehner allow a vote. the strategy he indicated moments ago. that doesn't look like good news with the frosty exchange of statements between house speaker boehner yesterday and majority leader reid. the statements indicated this political paralysis we have been stuck in for several days. the question is he seems out and can they do the little things to get us past the deadline. >> i want to go back to you. procedurally, we know how hard it is for any type of bill, even if they agreed on it to move forward by that deadline. explain why that's so hard? >> consider the likelihood that mitch mcconnell does not insist on that plateau. such a bill that goes back to the house of representatives, the senate sent the same bill back to the house in august. how is john boehner going to get the votes for that when he couldn't get the votes for plan b to raise taxes on only those making $1 million a year. it seems unlikely that the current course we are in will be the solution. we have gone nowhere here. peter is right
whether mcconnell will filibuster such a deal and will boehner allow a vote. the strategy he indicated moments ago. that doesn't look like good news with the frosty exchange of statements between house speaker boehner yesterday and majority leader reid. the statements indicated this political paralysis we have been stuck in for several days. the question is he seems out and can they do the little things to get us past the deadline. >> i want to go back to you. procedurally, we know how...
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after hearing senator reid yesterday, senator mcconnell fired back. take a listen. >> we're coming up against a hard deadline here and i said, this is a conversation we should had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: now senator mcconnell also said he was disappointed because when he got a call from the president two nights ago right before the president left hawaii to come back here to the white house, senator mcconnell says that was the first time he heard from any democrat, president, senator reid, nancy pelosi, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because som
after hearing senator reid yesterday, senator mcconnell fired back. take a listen. >> we're coming up against a hard deadline here and i said, this is a conversation we should had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: now senator mcconnell also said he was disappointed because when he got a call from the president two nights ago right before the...
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>> senator mcconnell's probably in the best position. he's in very close touch with the president, the white house and democrats in both the senate and the house have been in very close coordination throughout this. they have been in lockstep. it was interesting to note that when we saw the plan "b" chaos just before christmas the house democrats stood firm. they stood united. historically, that's not the play of the democratic party but that does seem to be where the democrats are right now. the president is back today so there can be an opportunity for some discussions to resume. but boehner has made it clear that's it up to the senate at least in his opinion to make the next move. >> david, senator reid today accused speaker boehner of ca caring more about his job than, quote, keeping america on firm financial footing. >> right. >> that's the quote there. congressman tom cole asked about that earlier today. this was his answer. take a listen. >> he had the complete support of everybody for plan "b" and support in terms of speakership
>> senator mcconnell's probably in the best position. he's in very close touch with the president, the white house and democrats in both the senate and the house have been in very close coordination throughout this. they have been in lockstep. it was interesting to note that when we saw the plan "b" chaos just before christmas the house democrats stood firm. they stood united. historically, that's not the play of the democratic party but that does seem to be where the democrats...
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speaker, leaders reid and mcconnell. today when congress bestows the congressional gold medal on arnold palmer, we will be honoring a living legend. he is an icon of american sports and a success in all of his endeavors. a humanitarian, businessman, philanthropist. he personifies the american dream, the idea that anyone can travel as far as their talent will carry them. we think him for his service in the coast guard, for protecting that american dream for all americans. born to humble beginnings and raised in latrobe, pennsylvania, arnold rose from blue-collar roots to becoming the king, the king of golf. as king of golf, he raised up arnold's army. he always demonstrated etiquette, courtesy and friendship to fans and competitors alike. as arnie's army followed him on the course, he taught everyone about perseverance and discipline. he taught us that you can be six strokes ahead, and still lose. but you can be strikes -- six strokes behind and still win. as he said, he always made a total effort, even when the odds seem
speaker, leaders reid and mcconnell. today when congress bestows the congressional gold medal on arnold palmer, we will be honoring a living legend. he is an icon of american sports and a success in all of his endeavors. a humanitarian, businessman, philanthropist. he personifies the american dream, the idea that anyone can travel as far as their talent will carry them. we think him for his service in the coast guard, for protecting that american dream for all americans. born to humble...
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the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that is cost people money and things that would benefit others financially. those are difficult issues to settle. you know, our system was designed to make them difficult to settle, not as difficult as they are in this circumstance. that's the nature of democracy. people said it's the worst form of government except for the other ones. >> you are right there. this is how it gets done. something seems wrong. it's accepting. i'm literally watching a clock here, tick, tick, tick as we get closer to the deadline. thank you both for being here. i know w
the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that...
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and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going to like it, and some people will like it less, but that is where we are. i feel confident that we have an obligation to do the best we can, and that was made very clear in the white house. we will do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> clarence, you have seen this movie before. >> yes. >> it sounds like something is in the works, right? >> well, it sounds like something is in the works on at least the senate side. on the house side, we don't know about those hard core intransigent intransigents and whether even if the senate does come up
and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going...
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mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with was
mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six...
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i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house side, we still don't know about those hard core intransigents, and even if the senate does come up with something, if the house can agree to go along with it, as kristen said, you have to have all the democrats and about 30 republicans. there's only about six republicans that are familiar to democrats. the rest don't seem to lose any points as far as they're concerned by appearing to be as much of a road block as they can, even if it means going over the fiscal cliff. so if harry reid and mr. mcconnell can't come up with something, then you've got barack ob
i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house...
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so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the lon
so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal...
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it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk about the blame game going on. i want to play a piece of tape. republican this morning really blaming president obama. let's listen. >> what we're seeing here is a monumental failure of presidential leadership. the president is the only person with a pen who can sign this and it is the president's responsibility to work on something that the house will pass and the senate will pass. he is outsourcing this. he continues to campaign and lecture when he ought to be focusing on the number one problem that hurts us in the country which is our debt. >> what is your reaction to hearing that? >> that is a lot of nonsense and i think the american people who have been following this conversation recognize that the president has proposed a bal
it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk about the blame game going on. i want to play a piece of tape. republican this morning really blaming president obama. let's listen. >> what we're...
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mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need much deeper spending cuts than anyone is talking about. congressman, you know what they say, well, no, no, this austerity stuff will put
mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax...
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i went to see senator mcconnell in his office. i said, "mitch, what do you think about seeing whether there is any opening whatsoever?" and i was so pleased when he said, "well, let's give it a try. let's be careful. let's proceed judiciously." on the way out of his office, he stopped and showed me a letter from suu kyi to him. we knew that at some point change would have to come, but whether it would be a year, a decade, or longer, no one could predict. but very carefully, in close consultation with the congress, we began sending assistant secretary campbell and then now-ambassador derek mitchell in let's be careful. the position created by the congress of special envoy, listening, probing, seeing whether there was something happening. and slowly change started. and of course, when the house arrest was finally lifted and the voice of this remarkable woman could be heard more broadly, we knew that the united states had to be not only supporting the change, but carefully nurturing it to ensure that it did not end up being hijacked,
i went to see senator mcconnell in his office. i said, "mitch, what do you think about seeing whether there is any opening whatsoever?" and i was so pleased when he said, "well, let's give it a try. let's be careful. let's proceed judiciously." on the way out of his office, he stopped and showed me a letter from suu kyi to him. we knew that at some point change would have to come, but whether it would be a year, a decade, or longer, no one could predict. but very carefully,...
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the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senator mcconnell and why he's so important right now is that he needs to bring some republicans on board this deal for a couple reasons. first, they need those republican votes to get anything through the senate. and then second of all, speaker boehner needs some cover, he needs some way to convince republicans in the house that they should pass this deal. conservatives are putting pressure on all sides and republicans in the house want to be to say conservativings in the senate supported this. i can too for the good of the country even though i don't like it. these are the dynamics in play. a lot of politics, a lot at stake. and this is why all focus is on senator mcconnell because he can bring so much to th
the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senator mcconnell and why he's so important right now is that he needs to bring some republicans on board this deal...
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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have not seen that happen. host: from mark williams, what will be specifically affected in the economy if we go over the cliff? guest: instead of giving you my own numbers, let me use the congressional budget office estimates. if we go over the cliff, and if the clip stays in place for the whole year -- clef stays in place for the whole year, gdp will go into negative territory. that will push this into a short-term recession. economic growth below zero. unemployment will rise from current levels to about 9%. we will put in place the worst fiscal policy
finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have...
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a spokesman for senator mitch mcconnell says while the president was tapingly those remark, senator mcconnell was trying to bring republicans and democrats together on a solution. the spokesman notes, discussions continue. if senator mcconnell and harry reid can reach a deal in the next couple of hours, leading senate republican notes there is no guarantee it will pass both the house and the senate. >> if mcconnell can't get 60% of us to vote for this deal, it will be hard for boehner to get it through the house. i want to vote for it even though i won't like it because the country has a lot at stake. >> among the republican krengs any revenue generated by a potential deal, they would like to see it come do paying down the deficit, not new government spending. shannon? >> how confident are the "cook's essentialsal" democrats about the ability to get this done? >> reporter: congressional democrats do not sound over confident. they recognize this is a heavy lift between the top two senators in the next couple of hours. but a leading new york democrat sounded cautiously optimistic. >> there is c
a spokesman for senator mitch mcconnell says while the president was tapingly those remark, senator mcconnell was trying to bring republicans and democrats together on a solution. the spokesman notes, discussions continue. if senator mcconnell and harry reid can reach a deal in the next couple of hours, leading senate republican notes there is no guarantee it will pass both the house and the senate. >> if mcconnell can't get 60% of us to vote for this deal, it will be hard for boehner to...
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senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president himself during his press con
senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new...
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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with republican backing, if they can. but remember on friday, the president kind of put republicans in a box. he said either cut a deal in the senate and push it through, or i'm going to ask harry reid to put my scaled back plan on the senate floor. and remember that scaled back plan has tax increases for everybody who makes over $250,000, which republicans don't love at all. i'll have harry reid put that on the floor and you'll have to block it. and you will have to then take responsibility for not pushing it through. so republicans are a
mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with...
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>> it depends really what mcconnell and reid really broker. if it's something that's a good deal that we can move to the new year and start looking at structural entitlement reform, then we'll take it. i completely disagree with alexis, by the way. the president is not showing leadership with this deal. what he's trying to do is push the blame on the house republicans and break them. he's not interested in just winning this issue. he's interested in getting his agenda through which includes more regulation, gun control possibly, and immigration reform. all he wants to do is win the blame game. he's not interested in leadership because if he was interested in leadership, he would have brokered from the beginning in good faith and because he just ignores entitlement reform, he's kidding himself. >> heather: alexis, i'll let you respond to that. because when it comes to spending cuts, president obama says his own, his own words, quote, lays the groundwork for that in the future. the last big budget deal in the summer of 2011, it ended with precis
>> it depends really what mcconnell and reid really broker. if it's something that's a good deal that we can move to the new year and start looking at structural entitlement reform, then we'll take it. i completely disagree with alexis, by the way. the president is not showing leadership with this deal. what he's trying to do is push the blame on the house republicans and break them. he's not interested in just winning this issue. he's interested in getting his agenda through which...
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Dec 28, 2012
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if anybody can put it together, it's reid and mcconnell. they are good at this. >> a deal has been there to had for quite some time. not sure what the republicans with -- what the problem with the republicans is. obama in the end will have won this. it's, if this guess up for a vote. if his package goes up for a vote it will put them in a situation they have to vote against the tax cut. they are not going to want to do. it will cobble together a coalition of the republicans and democrats. he made the offer a week ago. democrats get everything they want. tack hike on wealthy. the other thing you hear obama needs to come up on the upper income people. but boehner couldn't get his caucus to vote for something that was just going to hit millionaires. republicans have been intransigent. now they are getting left holding the bag with nothing. >> doug: onus on speaker boehner. >> exactly. the reasons that republicans have been recallsy trent and haven't agreed to any of this, as kirsten said, democrats get everything they want. which would make a
if anybody can put it together, it's reid and mcconnell. they are good at this. >> a deal has been there to had for quite some time. not sure what the republicans with -- what the problem with the republicans is. obama in the end will have won this. it's, if this guess up for a vote. if his package goes up for a vote it will put them in a situation they have to vote against the tax cut. they are not going to want to do. it will cobble together a coalition of the republicans and democrats....
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Dec 29, 2012
12/12
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it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and hopefully this will prevent us from going over to 51 votes on january 3. over a senateom going cliff on january 3. >> two comments. the current rule would not be amended. we would have a standing order which has the same effect as a rule to put in place to procedures which i have outlined. two additional procedures -- one of them is up to the majority leader by himself. that would be whether or not to proceed to a bill with this assurance of two amendments per side up front. the second additional option of the majority leader would be where there is a joint cloture petition
it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and...
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Dec 29, 2012
12/12
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a...
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Dec 27, 2012
12/12
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senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather liste
senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that...
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Dec 30, 2012
12/12
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you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi, republicans are very concerned that if that not be used as an offset to reduce or to replace some of the spending cuts that you would occur in the sequester, that democrats put forward an alternative and so this is a process. obviously, there's a lot of give and take going on now, but republicans don't want to see new revenues, in other words, democrat tax increases, be used for new spending. so that's sort of where many of our members have drawn the line now. >> that is where it times to be one of the big road blocks are right now, democrats -- you-all want t
you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi,...